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How Ibrahim Magu used ‘Pastors’ to launder funds abroad, purchase Dubai property



A report by the Presidential Probe Panel has shown details of how Ibrahim Magu, the suspended acting chairman of the Economic and Financial Crimes Commission (EFCC), allegedly used a cleric to launder funds abroad.

Magu is currently being interrogated by the panel headed by retired Justice Ayo Salami over allegations of lack of transparency in managing recovered assets and mismanagement of EFCC.

A copy of the report made available to the News Agency of Nigeria, NAN, on Saturday in Abuja disclosed that the founder of the Divine Hand of God Prophetic Ministry, Abuja, Dr Emmanuel Omalewas was used by Magu to launder funds.

Omale’s name was uncovered through an investigative report on EFCC’s activities by the Nigeria Financial Intelligence Unit (NFIU) and mentioned in the final report of the Presidential Committee on Audit of Recovered Assets (PCARA).


The report added that the unknown Pastor is alleged to have bought a landed property on behalf of Magu worth N573 million in Dubai, United Arab Emirate.

“Another individual who is helping in laundering funds for the Acting Chairman and who has been referred to in several petitions is one Pastor Emmanuel Omale of the Hand of God Prophetic Ministry.

“He’s reported to have travelled to Dubai with Mr Magu, and his name was used in purchasing a property in Dubai for Mr Magu.

“As an unknown pastor, the NFIU’s report showed the huge movement of funds ranging from N573,228,040.41,” the report said.

However, efforts had been intensified to reveal the real identity of the Pastor and to arraign him for prosecution if found culpable.

Magu is being held at the Police headquarters in Abuja.

He is expected to reappear before the Salami probe panel on Monday, to defend himself against several allegations.

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